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Banking & Finance GENERAL AWARENESS July 2021 Vol. 9, Issue 11 A PUBLICATION OF GYANM EDUCATION & TRAINING INSTITUTE PVT. LTD. SCO 13-14-15, 2ND FLOOR, SEC 34-A, CHANDIGARH NATIONAL NEWS Contents MAY CURRENT AFFAIRS 03-35 April 2021 to May 2021 MODI ATTENDS EUROPEAN COUNCIL MEETING BULLET NEWS 36-58 Dec 2020 to March 2021 LATEST 100 GK MCQs 59-66 SBI CLERK - Prelims 67-83 MODEL TEST PAPER Current GK Bytes 84-109 FIGURES TO REMEMBER REPO RATE 4.00% REVERSE REPO RATE 3.35% MARGINAL STANDING 4.25% Prime Minister Narendra Modi virtually joined in the Meeting of the European FACILITY RATE Council on May 9 as a special invitee of European Council President, Charles BANK RATE 4.25% Michel. The meeting was hosted by Portugal's Prime Minister Antonio Costa, as STATUTORY LIQUIDITY RATIO 18.00% Portugal currently holds the Presidency of the European Union Council. CASH RESERVE RATIO 3.00% All the 27 heads of nations of European Union attended the Meeting. A wide range of issues were discussed at the meeting including Free Trade Agreement, Foreign BASE RATE(s) 8.15 to (of various banks) 9.40% policy and security, controlling COVID-19, Climate change and environment, Trade, connectivity and technology, Non-proliferation and Disarmament, among INDIA’sRANK IN others. E-commerce Index 2020 71st MODI HOLDS VIRTUAL SUMMIT WITH UK PM World Happiness Report 2021 139th Prime Minister Narendra Modi and his British counterpart Boris Johnson Intellectual Property (IP) Index 2021 40th participated in the India UK Virtual Summit on May 04.The two sides discussed Economic Freedom Index 121st the entire gamut of bilateral ties and exchanged views on regional and global Scientific Articles Published 3rd issues of mutual interest. They adopted an ambitious ‘Roadmap 2030’ to elevate bilateral ties to a th The Global Climate Risk Index 2021 7 ‘Comprehensive Strategic Partnership’. The Roadmap will pave the way for a Democracy Index 2020 53rd deeper and stronger engagement over the next ten years in the areas of people- The Corruption Perception Index (CPI) 86th to-people contacts, trade and economy, defence and security, climate action and 2020 health. Innovation Index 50th Ease of Doing Business 63rd FINALLY, A DRUG FOR CURING COVID-19 Human Freedom Index 111st The Drugs Controller General of India has given Human Development Index 131st its approval for the emergency use of the anti- Receiving Spam Calls 9th COVID drug- 2-deoxy-D-glucose (2-DG) Global Hunger Index 2020 94th developed by the Defence Research and Teacher Status Index (GTSI) 6th Development Organisation (DRDO). The drug has Asia Power Index 2020 4th been approved as an adjunct therapy in the moderate to severe COVID-19 cases. Global Economic Freedom Index 105th It can provide early relief from oxygen dependency among the patients, which can Human Capital Index 116th be helpful as the second Covid-19 wave rages on across the country, and more Global Innovation Index 48th patients continue to need medical oxygen. The drug has been developed by th World Risk Index (WRI) 89 DRDO’s Institute of Nuclear Medicine and Allied Sciences, New Delhi in Budget Transparency Index 53rd collaboration with Dr Reddy’s Laboratories, Hyderabad. GYANM GENERAL AWARENESS – JULY 2021 3 “SAMUDRA SETU-II” TO BRING OXYGEN WORLD’s 1st VIRTUAL ARBITRATION PLATFORM Jupitice Justice Technologies, a Chandigarh-based legal tech startup, has launched the world’s first private digital platform to conduct virtual arbitration, conciliation, mediation and other Alternative Dispute Resolution (ADR) mechanisms. Powered by AI & Blockchain, the startup has launched an online justice service marketplace to file and resolve disputes online between individuals, organizations and Governments, through ADR Mechanisms, i.e. Arbitration, Conciliation, Mediation, etc., all online on a single platform. Like any other arbitration award, any online arbitration award received on the Jupitice platform is as legally enforceable as a court decree. APRIL The Indian Navy launched “Operation Samudra Setu-II” to help in faster transportation of medical oxygen and MODI HOLDS TALKS WITH NETHERLANDS PM other requirements from other countries to India, amid Prime Minister Narendra Modi held a virtual summit its worsening COVID-19 pandemic. Seven Indian Naval with his Netherlands counterpart Mark Rutte on April ships have been deployed for shipment of liquid medical 9. The two leaders discussed measures to strengthen oxygen-filled cryogenic containers and associated bilateral cooperation. They also exchanged views on the medical equipment from various countries. regional and global issues of mutual interest. Both countries have wide ranging cooperation in areas of INDIA TOPS IN RECEIVING REMITTANCES water management, agriculture and food processing, India received over $ 83 billion in remittances in 2020, a healthcare, smart cities and urban mobility, science and drop of just 0.2 per cent from the previous year, despite technology, renewable energy and space. a pandemic that devastated the world economy, according to the World Bank’s latest Migration and Development Brief. China was at second spot receiving $ 59.5 billion in remittances in 2020 against USD 68.3 billion the previous year. Remittance outflow was the maximum from the United States ($ 68 billion), followed by UAE ($ 43 billion) and Saudi Arabia ($ 34.5 billion). INDIA GOOD IN GOVERNMENT EFFECTIVENESS The two countries also share a robust economic India has been placed partnership with the Netherlands being the third largest at 49th position investor in India. There are over 200 Dutch companies among 104 nations in present in India with a similar presence of Indian the Chandler Good businesses in the Netherlands. Government Index (CGGI) 2021. The 6thRAISINA DIALOGUE HELD IN DELHI Index observed that The 6th edition of the Raisina Dialogue was held in “Civil service virtual mode from April 13 to 16. The Dialogue is innovation and capacity building is a key focus for the India’s flagship conference on geoeconomics and Indian government”. Finland has secured the top geopolitics and is held annually since 2016. It position in the Index, followed by Switzerland and represents India’s contribution to the global efforts for Singapore at second and third spot, respectively. discovering solutions, providing stability, and Venezuela is the last ranked country at 104th spot. identifying opportunities to a century that has already The CGGI is an annual index developed by the Chandler witnessed an eventful two decades. Institute of Governance, Singapore. It measures the The Raisina Dialogue is jointly organised by the External effectiveness of the governments in 104 countries across Affairs Ministry and Observer Research Foundation, a the world in terms of their capabilities and outcomes. The Delhi based global think tank. The theme for the 2021 index focuses on seven pillars: leadership and foresight; Edition is "#ViralWorld: Outbreaks, Outliers and Out of robust laws and policies; strong institutions; financial Control". The name Raisina Dialogue comes from Raisina stewardship; attractive marketplace; global influence and Hills, the area where India’s Rashtrapati Bhavan is reputation; and helping people rise. located. GYANM GENERAL AWARENESS – JULY 2021 4 SC GOES IN FOR ARTIFICIAL INTELLIGENCE INDIA FARES WELL IN INTERNET USAGE The Economist Intelligence Unit (EIU), in partnership with Facebook, released the Inclusive Internet Index 2021, which measures the extent to which internet is available and affordable and to what extent people around the world are using the web. India has been ranked at 49th spot. The index was topped by Sweden, followed by the USA and Spain. The Index surveyed 120 countries, representing 98 percent of global GDP and 96 percent of global population. The overall Index score is based on four parameters, which are: Availability, Affordability, Relevance and Readiness categories. The Supreme Court of India on April 7 launched its INDIA AT 140thRANK IN GENDER EQUALITY Artificial Intelligence portal: SUPACE (Supreme Court India has fallen 28 places in the World Economic Portal for Assistance in Courts Efficiency). The system is Forum’s Global Gender Gap Report 2021, and is now one first of its kind in the world. of the worst performers in South Asia, trailing behind Through this portal, the SC intends to leverage machine neighbours Bangladesh, Nepal, Bhutan, Sri Lanka and learning to deal with the vast amounts of data received Myanmar -— it is now ranked 140 among 156 countries. at the time of filing of cases. The apex court is burdened The country was ranked 112th among 153 countries in with pendency and the bulky volumes of records being 2020. filed. According to the report, India has closed 62.5 percent of This system will help in taking out the important facts its gender gap till date. Iceland is the most gender-equal and the issues that the parties have raised. The portal country in the world for the 12th time, followed by aims to assist the judges, court staff and litigants in Finland and Norway. several ways by addressing existing bottlenecks resulting in excessive delays. INDIA FARES POORLY IN PRESS FREEDOM Reporters Without Borders, a Paris based international IISC, B’LURU & CALCUTTA UNIV. RANKED BEST NGO associated with guarding the freedom of press, The Indian Institute of Science (IISc Bangalore) has released the World Press Freedom Index 2021 to secured the top position among the best higher evaluate the press freedom situation in 180 countries education institutes in India, while Calcutta University and territories. was ranked as the best varsity in the country, as per the The Index placed India pretty low at 142nd position. recently published Academic Ranking of World Norway retained its top spot for the fifth year in running, Universities (ARWU 2020). However, in the world followed by Finland and Denmark at second and third ranking, their rank was below 500. At the global level, place respectively. Eritrea is at the bottom of the index at Harvard University, USA was placed at the top, followed 180th place.
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